Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗Located in the Minneapolis South Green Zone — priority access to Great Streets financing, energy cost-share programs, and CPED gap financing.
Minneapolis Green Zones ↗Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2022 · Most recent: Mar 2022 (existres)
SPI Mechanical LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Phillips West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1260
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Residential Mixed-Use 3 — higher-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 1,447 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2440 CHICAGO AVE MINNEAPOLIS MN 55404 | N L AYERS & J M AYERS | RESIDENTIAL-TWO UNIT | $361,800 | 54 ft |
| 730 25TH ST E MINNEAPOLIS MN 55404 | EMILY TENCZAR | RESIDENTIAL | $203,900 | 74 ft |
| 2436 CHICAGO AVE MINNEAPOLIS MN 55404 | AZZMI SABRI | RESIDENTIAL | $319,000 | 102 ft |
| 2500 CHICAGO AVE MINNEAPOLIS MN 55404 | CHILDRENS HEALTH CARE | LAND-COMMERCIAL | $197,700 | 141 ft |
| 2432 CHICAGO AVE MINNEAPOLIS MN 55404 | MOLINA INVESTMENT GROUP LLC | APARTMENT | $525,000 | 151 ft |
| 722 25TH ST E MINNEAPOLIS MN 55404 | J PESHEK/D PESHEK/J PESHEK | CONDOMINIUM | $317,000 | 185 ft |
| 724 25TH ST E MINNEAPOLIS MN 55404 | CHINI ZEMAN/PATRICK A ZEMAN | CONDOMINIUM | $320,000 | 185 ft |
| 726 25TH ST E MINNEAPOLIS MN 55404 | DEBRA M BLONDEAU | CONDOMINIUM | $294,000 | 185 ft |
| 728 25TH ST E MINNEAPOLIS MN 55404 | M C KRUEGER & R W CROWLEY | CONDOMINIUM | $306,000 | 185 ft |
| MN | Unknown | — | — | 185 ft |
Most Recent Sale
Current Tax Year